Piaggio and SBI Signed an MoU to Offer Intrest Free Auto Loans in UP
Piaggio and SBI will finance three-wheelers in UP at 0% interest under CM Yuva Yojana. Here's the real math, who qualifies, and how to apply first.
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BharatBenz 2623R EMI Calculator
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BharatBenz 2623R (₹35,97,000)
Credit Score EstimatorAuto-adjusts interest rate
Down PaymentLoanInterest
Monthly EMI
₹53,498
Down Payment₹10,79,100
Loan Principal₹25,17,900
Total Interest₹6,91,980
Total Cost₹42,88,980
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₹1,00,000₹35,97,000
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₹0₹34,97,000
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Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹1,062 and you save ₹63,720 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹53,498) with lowest total interest.
Lender Comparison— ₹25,17,900 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹51,659 |
SBI | 8.75% | ₹0 | ₹51,963 |
ICICI Bank | 9.1% | ₹3,999 | ₹52,390 |
HDFC Bank | 9.25% | ₹3,500 | ₹52,574 |
Axis Bank | 9.5% | ₹3,500 | ₹52,881 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
- Processing fee and other loan charges are not included in this calculation.
- The calculated EMI assumes 10% interest rate. Actual rate may vary based on your credit profile and lender.
- Loan approval is at the sole discretion of the finance partner.
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BharatBenz 2623R EMI
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